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Tanzania, Barrick Gold impressed by progress of joint venture

Tanzanian President Samia Suluhu Hassan and Barrick Gold Corporation president and chief executive, Mark Bristow, have met to review progress at Twiga Minerals Corporation, the joint venture established in October 2019 to manage the company’s gold mines in the country and to discuss the partnership’s plans and prospects. Since Barrick …

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Bosch Rexroth Tanzania distributor expands footprint using containerised hose workshop

Magare Company Limited, the newly appointed Sales Partner for Hytec Services Africa, has secured an HSA containerised hydraulic hose workshop to expand its reach in the country. The containerised workshop began to be active on January 1, 2021, strengthening Magare’s Mwanza branch’s capabilities to deliver hydraulic equipment and services to …

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Nitro Explosives gears up for growth

Tanzanian-based company Nitro Explosives with over 17 years of dealing in commercial explosives  has erected an Emulsion Plant at Mavuji (Lidi Region) ready to manufacture in mid-June 2021 and supply Tanzania and neighboring countries using bulk tankers and MMU’s. Nitro Explosives takes safety seriously and works in abidance with all …

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Tanzania targets mining to boost sector’s GDP contribution

The Ministry of Minerals is concentrating on improving revenue collection to boost the mining sector’s contribution to GDP. Revenue collection is one of several key priority areas that will get a boost in the fiscal year 2021/22. Minister for Minerals, Dr Dotto Biteko, presented his ministry’s budget estimates, saying the …

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US$20 million debt facility secured for Lindi Jumbo

Walkabout Resources has secured a US$20 million debt funding facility with Tanzanian Bank CRDB towards construction of the Lindi Jumbo Graphite Mine. “The provision of this significant debt package for Lindi unlocks the final milestone in project development and construction efforts at the mine site can commence as soon as …

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AFRICAN GOVTS SHOULD HARMONISE GOLD EXPORT TAXES TO CURB SMUGGLING,PROMOTE CONFLICT-FREE GOLD

The Investigation and Policy Group, The Sentry, has advised that the US and the EU must work with African governments to harmonize gold export taxes to reduce smuggling and promote conflict-free gold. Uganda, Rwanda, the Democratic Republic of Congo (DRC), the Central African Republic (CAR) and Cameroon are the countries …

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Tanzanian authorities issue 3 Prospecting Licences Deccan Gold Tanzania

Mining authorities in Tanzania have issued three Prospecting Licences (PLs) in favour of Deccan Gold (Tanzania), a subsidiary of the group (DG Tanzania), this is according to Deccan Gold Mines. On 08 February 2021, DG Tanzania was officially told in this regard by the Commissioner for Minerals and Mines, Ministry …

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Barrick’s Tanzania mines delivering substantial improvements

According to the Canadian major, Barrick Gold, its Tanzania gold mines have been successfully revived, with North Mara delivering substantial improvements and underground output starting at Bulyanhulu, In September 2019, Barrick Gold took ownership of the operations of the former Acacia Mining and now operates the mines with the Tanzania …

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Shanta ends the year with higher reserves and resources

Aim-listed Shanta Gold has revealed that it has “produced another notable safety performance”. The company, through  CEO Eric Zurrin  in a production and operational results release, also states that it achieved its core objectives for 2020, with gold production and costs in line with guidance. Shanta owns the New Luika …

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Tanzania sets up nickel mining with UK firm

Tanzania signed an agreement with LZ Nickel Ltd on 19 January to launch a joint venture company known as Tembo Nickel Corporation. The venture will have two subsidiaries for extraction, known as Tembo Nickel Mining Company Ltd, and Tembo Nickel Processing Company for the nation’s multipurpose mineral smelting industry. Speaking …

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